The Nigerian currency, Naira, has returned to default settings at the black market 48 hours after recovering 26.24 per cent of its value loss. On Monday,...
The Nigerian National Petroleum Company (NNPC) Limited’s stock of Premium Motor Spirit, popularly called petrol, has increased significantly following the return of queues in Abuja, Nasarawa,...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
The Federal Government recorded a fiscal deficit of N1.1 trillion between January and August this year, the Budget Office of the Federation has revealed. It would...
The International Monetary Fund (IMF) has raised the alarm that Nigeria currently spends over 50% of its revenue to service debts. According to the IMF, the...
Total tax collections by the 26 state governments in the country has increased astronomically in the last few years, the Federal Inland Revenue Service (FIRS) has...
Contrary to the CBN expectation that anticipated influx of dollar from Nigerians in Diaspora would sustain the exchange rate of the naira, the local currency on...
As various sectors compute reports on how they fared, as 2016 winds up, the Nigerian aviation sector has announced that it suffered a minimum loss of...
After three successive negative trading sessions, Nigerian equities regained the uptrend on Thursday as bargain-hunters shifted demand to stocks that had lost considerable values in recent...
Federal Government’s planned introduction of first Islamic bond in the domestic market, through the Debt Management Office (DMO), has received negative reviews from the Christian community....
Barely six months after the Minister of State Petroleum, Ibe Kachukwu, told the world that for efficiency in the upstream sector, Nigeria would hands off from...
The Federal Government, through the Nigeria Postal Service (NIPOST), has authorised shutting down of some courier service providers in Nigeria. With the move, more than 20,000...
Hundreds of air travelers, who could not connect flights to their destinations have remained stranded at the various airports in Nigeria, following airlines’ inability to get...
As the Federal Government pushes ahead with its Eurobond aimed at raising hard-currency funds from the global capital market, the Debt Management Office (DMO) has cautioned...
Nigerian equities set on a major rally this past week as positive global and domestic macroeconomic indicators combined to trigger intense bargain-hunting for already underpriced Nigerian...
The Presidency may have authorized the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to constitute an audit panel to probe the accounts of all 23 banks...
The recent discovery that Nigeria owes about $7.5 billion to local contractors has become another issue that may mar Nigeria’s quest to lure foreign investors into...
Senator Dino Melate (APC, Kogi State) has derided the present administration for allowing corruption thrive in the NNPC in spite of its stance against graft. The...
The Nigerian Bankers Committee may have resolved to pay more attention to the agricultural sector as a more positive approach to achieve an early recovery of...
The much expected adoption of a single currency by ECOWAS countries will not be feasible till 2020, when the economic woes facing Nigeria may have receded,...
The planned hike in prices of internet data by service providers in Nigeria is already taking its toll on Nigeria’s banking system. The quality of service...
The commercial city of Lagos will suffer longer hours of darkness as a result of reduced electricity supply from discos which is already crippling businesses. This...
Vice-President Yemi Osinbajo has said that 2017 Appropriation Bill will be about N7trillion, but that the amount will not be able to make the much needed...
With the recent widespread condemnation that trailed the proposed hike in price of data tariff, the service providers and NCC have begun a blame game. It...
Nipco Plc is doling out as much as 159 per cent premium to push through its bid to acquire ExxonMobil Oil Corporation’s 60 per cent equity...
The Federal Inland Revenue Service (FIRS) has said that Nigerians will be required to show their evidence of tax payment before applying for international passports or...
The query raised by the National Assembly over the poor handling of the projected expenditure of the 2017 budget has created tension among members of the...
For Nigeria to come out of its present epileptic electricity supply, government must allow full privatization of the power sector, stakeholders have stated. Speakers at the...
Barely 48 hours after the Central Bank of Nigeria (CBN) announced it is retaining a high interest rate regime for the country, the Finance Ministry said...
A leading rating agency, Fitch Ratings, has downgraded nine Nigerian banks from B+ to B- on the grounds of their inability to raise their credit base...
No fewer than 25 million out of the estimated 150 million telecommunications consumers in Nigeria will lose access to telephone use, if the Communications Service Tax...
What can be described as controversy has hit possible passage of the 2017 budget transmitted to the National Assembly on October 4, 2016 by President Muhammadu...
Even as government laments its dwindling financial resources, the Senate says it will seek for additional funding for the Department of Petroleum Resources (DPR). Chairman of...
The Tin-Can Island Command of the Nigeria Customs Service (NCS) said that it generated N61.6 billion revenue in the first quarter of 2015. Mr Chris Osunkwo,...
